Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1567
View all reviews

Compulsory liquidation

A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 01616 966 229.

loading staff

Compulsory liquidation solicitors

The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors. 

Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 01616 966 229 or complete an online enquiry form and we will contact you directly. 

4.5out of 10
4.5 score on Trustpilot Based on count 1567

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

How is no-fault eviction ban going to affect tenants and landlords in England?

‘No-fault eviction’ or Section 21 rules currently enable a landlord to evict a tenant from their property without any reason.  If the landlord decides at the end of the tenant’s fixed term that they no longer wish to let to that...

Read more

Twitter commercial

@CommercialLLP

Inheritance Tax hits more homeowners

HMRC have recently published tax receipt data which shows that the amount received by the government in Inheritance Tax between April and May 2022 has increased by £100 million over the same time last year. It’s probable that this is because...

Read more

Commercial reorder

  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Julie Hunter
  • Philip Richardson
  • Julie Ball
  • Paul Davies
  • Adam Pennington
  • Andrew Whitehead
  • Jessica Charnock
  • Sophie Chilstone
  • Terri Meehan
  • Neil Marshall
  • Declan Gilroy​​
  • Matthew Smith